Jindal Steel And Power Ltd To Acquire Majority Stake In Gujarat Nre Coking Coal - Business Standard

Thursday, 17 Oct 2013 04:40am EDT 

Business Standard reported that Jindal Steel And Power Ltd will acquire a majority stake of 53.63% in Gujarat NRE Coke's Australian subsidiary through a complex deal, which involves issue of convertible notes, placement of shares and option to acquire shares at a later stage.